Who Benefits from State Corporate Tax Cuts? A Local Labor Markets Approach with Heterogeneous Firms
Who Benefits from State Corporate Tax Cuts? A Local Labor Markets Approach with Heterogeneous Firms
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DOI：
10.1257/aer.20141702
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发表时间：
2014-07
期刊：
影响因子：
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通讯作者：
Juan Carlos Suárez Serrato;Owen M. Zidar
中科院分区：
文献类型：
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作者：
Juan Carlos Suárez Serrato;Owen M. Zidar
本文利用州公司税率和分配规则的变化，估计了州公司税对工人、土地所有者和公司所有者福利的影响。我们开发了一个包含不完全流动的企业和工人的空间均衡模型。由于特定地点生产力的差异，企业所有者可能会赚取利润，并且在地点选择上处于超边际水平。我们使用税收变化的简化形式的影响来识别和估计发生率以及控制这些影响的结构参数。与标准的开放经济模式相比，企业所有者承担大约 40% 的发病率，而工人和土地所有者分别承担 30-35% 和 25-30%。
This paper estimates the incidence of state corporate taxes on the welfare of workers, landowners, and firm owners using variation in state corporate tax rates and apportionment rules. We develop a spatial equilibrium model with imperfectly mobile firms and workers. Firm owners may earn profits and be inframarginal in their location choices due to differences in location-specific productivities. We use the reduced-form effects of tax changes to identify and estimate incidence as well as the structural parameters governing these impacts. In contrast to standard open economy models, firm owners bear roughly 40% of the incidence, while workers and landowners bear 30-35% and 25-30%, respectively.